Preferential loan product "Yoshlar biznesi uchun"

№

Indicators

Main terms and conditions

1

Users

Individual entrepreneurs and non-legal person debtors

Legal persons

2

Loan amount

A) Up to UZS 500.0 mln.

(With condition of creating at least 2 jobs for youth);

B) Between UZS 500.0 mln. – 1.5 bln (With condition of creating at least 3 jobs for youth);

Up to UZS 5,0 bln

(With condition of creating at least 20 jobs for youth);

3

Loan term

A) For working capital replenishment:

Up to 18 months (grace period of up 6 months for principal payments and up to 3 months for interest payments)

B) For purchase of fixed assets, equipment, conduction of construction works and other purposes:

Up to 7 years (grace period of up 2 years for principal payments and up to 3 months for interest payments))

4

Interest rate (annual)

18 per cent (Policy rate of CB + 4,0%)

* Indicated based on policy rate of the Central bank of the Republic of Uzbekistan as at loan allocation date

5

Purpose of loan

For small and medium-sized business entities operating in the areas of manufacturing, services, trade and agriculture:

- for the acquisition of manufacturing equipment, conduction of construction work, acquisition of fixed assets (including on the basis of "industrial mortgage") and equipment, as well as replenishment of working capital;

- for the acquisition of vehicles intended for use for commercial purposes;

- for the organization of trade and service points;

- for training young people in professions, including the organization of educational services and training centers in such areas as digital technologies and foreign languages, as well as for other purposes not provided for by legislation.                  

6

Loan security

  By property collateral:                                 

- property valuation report;

- vehicle registration certificate, cadastral documentation for real estate;

- founders' decision to consent to the collateral (if there is a legal entity);

- property insurance contract and insurance policy.

Relevant documents on guarantee of third parties if exists         

Insurance contact and policy                      

Other necessary documents                        

7

Documents provided by customer

Application form

Business plan                            

Financial reports                       

Constituent documents (certificate, regulations, articles of association)

Resolution of founders on consent to receive a loan and provide security

Cadastral documentation for the place of business (if owned), or a lease agreement and other necessary documents